Why Dose Dogecoin Keep Falling? Please Stop Panicking.

Recently, the decline in U.S. stocks has triggered panic among investors, prompting them to withdraw funds from various sectors, even causing a drop in the returns of relatively stable investment products like U.S. bonds. The cryptocurrency market, which is highly correlated with the Nasdaq, naturally cannot escape this trend. The Fear and Greed Index of the market has recently plummeted to 10.

Moreover, due to the highly volatile nature of cryptocurrencies, the fluctuations in this market are more striking compared to other investment markets. Memecoins, which heavily rely on market sentiment, have shown particularly intense reactions. This has added a lot of worries for Dogecoin investors.

Looking at the data from the past few days, the entire cryptocurrency market has performed poorly, including DOGE. However, from a medium to long-term perspective, DOGE is still one of the most valuable cryptocurrency assets for investment and an ideal choice for investors to diversify their risks. In addition, the White House Digital Assets Summit scheduled for March 7th is very likely to quickly dispel the current gloom surrounding DOGE.

For long-term investors, the current downturn of DOGE may be precisely the time to consider increasing their positions. Investing in DOGE through ASIC mining is an even more stable choice, especially using multi-mining machines like the ANTMINER L9/L7. The L9/L7 supports the simultaneous mining of DOGE, LTC, and BEL, among other cryptocurrencies. As is well known, DOGE and LTC are the two names frequently mentioned in White House activities, both enjoying high prestige. ETF applications for these two cryptocurrencies have been proposed by major financial institutions, and the likelihood of approval is very high. Once these ETFs are listed, they will attract global investment for these two cryptocurrencies.

Currently, LTC has been classified as a commodity by the U.S. government, which gives it more stability and less risk in the eyes of investors. DOGE, as the favorite of global tech icon Elon Musk, has the potential for extremely significant public sentiment benefits. Musk’s continuous praise for DOGE is the absolute driving force behind the price increase of this memecoin. Therefore, the ANTMINER L9/L7 is your top choice for investing in DOGE and LTC.

Taking the current DOGE price of $0.2 and LTC price of $100 as an example, using the ANTMINER L9 16GH for mining, the daily output is approximately 124 DOGE, worth about $25; and 0.03366 LTC, worth about $3. Using the ANTMINER L7 9.5GH  for mining, the daily output of DOGE is worth about $15, and LTC is worth about $2.

Welcome to consult our sellers for the most suitable DOGE ASIC and trading methods for you! We have warehouses in HK, US, Dubai, and Moscow, with a large inventory of spot/futures from brands such as ANTMINER available for shipping from multiple countries and can assist with customs declarations at the delivery location.

Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

BITMARS is an internationally renowned crypto miner trading company. We provide comprehensive, professional, timely, and cost-effective miner purchasing and hosting services to maximize your wealth!